DroneBase, re-baptized Zeitview, raises $55 M to fund expansion
Drone-based data collection and renewable energy sector inspection specialist DroneBase says it has raised an additional $55 million in funding to fuel its continued business expansion, which it will now pursue under the new brand entity Zeitview.
Zeitview said the new financing will support its efforts to increase its US and international client base, and extend its services using drone-collected data and AI-enabled software in advanced inspection operations. The new influx from Valor Equity Partners, along with its stable of previous investors, comes after the Santa Monica-based company raised over $32 million in previous rounds amid frenzied activity with renewable energy clients.
That included the launch of the company’s North American Solar Scan (NASS), the first standardized set of solar asset ratings aiming to provide improved oversight of US. solar power plants. The startup inspected 43 GW of capacity at such facilities last year…